Crown Electrokinetics to be acquired by CEO-led entity for $3.15/share cash

Crown Electrokinetics Corp.

Cash tender offer at $3.15/share; Parent controlled by CEO Doug Croxall.
Special committee of independent directors unanimously approved; fairness opinion received.
Tender offer expected to commence within 15 business days, open 20 business days.
Transaction not subject to financing condition; go-shop provision allows alternative bids.
If terminated for superior proposal, Company pays $500k expense reimbursement.

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